At meeting held on 14 August 2014
India E-Commerce announced that the Board of Directors of the Company at its meeting held on 14 August 2014, inter alia, has discussed and passed the following :1. Draft Scheme of Restructuring of Capital to the extent of 85% of its paid up capital, Valuation Report and Fairness opinion as approved by the Audit Committee at the Meeting of the Company.
2. Scheme of Reduction as per section 100-104 of the Companies Act, 1956 (section 66 of the Companies Act, 2013).
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